About

Frances R. Spark has served as a director of AGNC Investment Corp. since 2019 and has been determined to be an 'audit committee financial expert.'

She served as Chief Financial Officer and Treasurer of CYS Investments, Inc., a publicly traded mortgage REIT investing predominantly in Agency mortgage-backed securities, from 2009 through 2016, and (prior to CYS's 2011 internalization) as CFO and Treasurer of its external manager, Sharpridge Capital Management, LP.

Earlier she was Chief Financial Officer of MVC Capital, Inc. (2003-2005), ran Spark Consulting, and held executive positions with financial services firms in the U.S. and U.K. She is a Chartered Accountant and previously worked as an auditor with KPMG in the United Kingdom.

Roles

AGNC Investment Corp.
Director · Current role
2019–present
CYS Investments, Inc.
Chief Financial Officer & Treasurer · Publicly traded Agency mortgage REIT.
2009 - 2016
Sharpridge Capital Management, LP
Chief Financial Officer & Treasurer · CYS's external manager, prior to CYS's internalization in 2011.
MVC Capital, Inc.
Chief Financial Officer · Business development company.
2003 - 2005
Spark Consulting
Owner/Manager · Privately owned strategic advisory and business consulting firm.
KPMG (United Kingdom)
Auditor
CYS Investments, Inc.
Chief Financial Officer and Treasurer · Earlier served as a director and Audit Committee Chair from 2006 until after the company's IPO.
2009 – 2016
Sharpridge Capital Management, LP
Chief Financial Officer and Treasurer · External manager of CYS Investments.
Spark Consulting
Owner / operator

External Roles

CYS Investments, Inc.
Director and Audit Committee Chair
Reverse Mortgage Investment Trust
Independent director; member of the Audit and Risk Committees
2015 - 2020
Reverse Mortgage Investment Trust
Independent Director; Audit & Risk Committee
2015 – 2020

Director Compensation

FY 2025
Fees Earned or Paid in Cash
$125,000
Stock Awards
$180,000
RSUs21,582 units granted 4/17/2025 at $8.34 closing price
Total
$305,000

Also at AGNC Investment Corp.

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